Poseidon Town: The Beginning.

Cross-posted from John Earl’s Surf City Voice.

Warburg-Pincus is a multinational corporation that in 2005 had investment holdings in 120 companies in North and South America, Asia, and Europe in 2005, according to Hoover’s online.

Poseidon’s subsidiary role then as now was to financialize a portion of publicly owned water infrastructure in Orange County for the benefit of Poseidon and the project’s investors through “public-private partnerships” (PPPs).

At the same time, Poseidon was on a similar track in Carlsbad in San Diego County, a story that I will tell more about as Poseidon Town Through the Wormhole unravels.

Poseidon’s Orange County mission was to build a $1.4 billion (in today’s dollars) ocean desalination plant on top of an earthquake fault, co-located with a power plant that sits next to the Ascon Landfill, a toxic waste dump in an upper middle-class neighborhood in Huntington Beach, in the middle of a predicted climate-change induced flood zone.

The red circle marks the approximate site for Poseidon’s desalination plant and the existing AES power plant: California Department of Conservation fault map.

To maximize efficiency and profits, Poseidon chose to co-locate with the AES power plant located on Newland Ave. and Beach Blvd. in order to use its seawater-intake cooling system to suck up about 100 million gallons of seawater for conversion to 50 million gallons of drinking water per day.

That mission remains unfulfilled but ongoing today, nearly 20 years later.

Poseidon Resources probably began taking its project proposal to officials of the City of Huntington Beach, the Orange County Water District (OCWD), and the Municipal Water District of Orange County (MWDOC) sometime in 2001 or earlier, about when Poseidon began preliminary studies of the project site…

Read the rest on Surf City Voice – it’ll blow your hair back!

Just SOME of our Previous Coverage of Poseidon:

About Surf City Voice

John Earl is the editor of SoCal Water Wars (previously Surf City Voice.) Frequent contributor Debbie Cook, a former Huntington Beach Mayor, is board president of the Post Carbon Institute.